L1 Long Short Fund Ltd. (AU:LSF) has released an update.
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L1 Long Short Fund Ltd. identifies valuation distortions in the equity markets, particularly in overvalued Australian banks and growth stocks, while spotting potential in cyclical stocks trading at low valuations. Despite recent market volatility, the fund has capitalized on opportunities, with notable gains in energy and sports betting sectors, while challenges persist in materials and gold sectors. Over the past five years, the fund has achieved significant annual returns of 18.6%, outperforming major indices like the ASX200 and MSCI World.
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